Since the pandemic began, many Americans have had to cut corners — and car insurance premiums have been a good starting point. You may be overpaying.
Fortunately, it’s never too late to make changes. A whopping 53% of millennials have reassessed or changed their car insurance during the pandemic, according to Clearcover research. Also, if you are worried about paying too much, you can do so.
In fact, pandemic or not, you should compare car insurance at least a few times a year. Rates are constantly changing and are subject to many constantly changing factors, so it’s important to take your time and shop around if you want the lowest premium at all times. and their coverage plans in just minutes.
6 reasons to buy car insurance often
How long has it been since you purchased car insurance? If it’s been more than a few months, here are the reasons why you should pull the trigger today.
- get new discounts
- changed driving habits
- Your credit score may have improved
- Your car repair costs may have gone down
- Your location may have become safer
1. May be eligible for new discounts
There are many discounts you can use to lower your insurance premium. Discounts include safe driving discounts for not claiming for a period of time, discounts for honor students, members of certain associations, homeowners, and insurance policy bundles. much more.
We encourage you to shop often to take full advantage of the discounts you may qualify for. Curious about what discounts you can get? and find the most affordable auto insurance plan today.
2. Your driving habits will change
A big factor in insurance premiums is how and how often you use your vehicle. If you used to commute 2 hours each way each day and now work from home, your usage is significantly lower. Rates should drop significantly as well.
Where you store your car is also important. Pre-pandemic, it was on busy city streets and college campus parking lots, but now it’s almost always safely in a garage, which is where pricing needs to be adjusted as well. There is a possibility.
This is the best way to lower car insurance premiums
3. Your credit score may have improved
Depending on your state, most insurance companies will take your credit score into account when setting your auto insurance rate. And will your score be higher? Its premiums are lower than normal.
Of course, credit scores are always changing. If you’ve recently been very good at paying off balances, clearing overdue accounts, and making payments on time, your score may be rising, and lower premium rates are being offered in the process. may apply.
Visit Credible today to see a qualifying auto insurance quote.
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4. Car repair costs may have gone down
The price of car parts also affects insurance premiums. Naturally, the more expensive your car parts become, the more your insurance company will have to charge to cover you. ), and insurance premiums should be lower.
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Age also affects car insurance premiums. Drivers under the age of 25 (and over the age of 65) are usually the most at risk, so the risk is higher.
If you or someone in your policy passes this age range, you will probably pay a lower rate than you currently pay. To make sure you aren’t overpaying for your car insurance, check online through Credible.
6. Your place could have become safer
The final piece of the puzzle is your location. You may not have moved, but chances are your location, or more specifically your zip code, has become more affordable and insured.
This could occur if vandalism or crime rates in the area decrease, or if there are fewer accidents or traffic in the area. Both of these are safer for your vehicle and reduce the risk of getting insurance. Low risk almost always means low rates.
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It’s important to buy auto insurance options often. As you can see, the cost of auto insurance can vary greatly and is highly dependent on many constantly evolving factors and considerations. Regularly comparing options ensures you get the best possible rate.
It’s been a while since you’ve been looking for a car insurance company? Use Credible to compare car insurance companies and buy a premium today.
3 ways to lower car insurance premiums